Secretary Perry: U.S. LNG To Remain Competitive To Russian Gas

The price of liquefied natural gas (LNG) that the United States is exporting to Europe will stay competitive to Russian pipeline gas supplies in the long term, U.S. Secretary of Energy Rick Perry said at a conference in Slovenia on Wednesday. “This idea that somehow … LNG can’t compete with pipelined gas is just false,” Reuters quoted Secretary Perry as saying on the sidelines of the conference, as the United States is authorizing additional volumes of LNG exports, calling its LNG “freedom gas.” Commenting on the first LNG shipment from the Cameron LNG Export Facility in Louisiana last week, U.S. President Donald Trump said that “Not only have thousands of JOBS been created in USA, we’re shipping freedom and opportunity abroad!” The downward pressure on LNG prices will continue in the future, and the United States has massive reserves of natural gas, Secretary Perry said in Slovenia’s capital Ljubljana […]